Makari Gad Hydropower Gears Up for IPO to Expand Capital Base
Makari Gad Hydropower Limited is preparing to issue its Initial Public Offering (IPO) to raise NPR 594 million by offering 5.94 million shares at NPR 100 each. The company will finalize the proposal during a Special General Meeting and has appointed Sanima Capital as the issue manager. The 10 MW project, located in Darchula, aims to expand public ownership and strengthen its financial base through the IPO.
Makari Gad Hydropower Limited has announced plans to float an Initial Public Offering (IPO) as part of its strategic effort to expand its capital and strengthen public ownership. The company’s board of directors, in a meeting held on Jestha 30, decided to call a Special General Meeting (SGM) on Ashad 18 to finalize the proposal for issuing shares to the public.
The SGM will be held at the company’s registered office in Maharajgunj, Kathmandu, at 5 PM. The key agenda includes approving a proposal to increase the company’s authorized and issued capital. Once the necessary amendments are approved by the Office of Company Registrar, the company plans to launch its IPO, inviting public investment.
The meeting will also seek approval to authorize the board with full rights to implement decisions or make necessary adjustments if regulatory bodies suggest changes to the proposal. As part of the IPO plan, Makari Gad Hydropower intends to issue 5.94 million ordinary shares at a face value of NPR 100 per share, aiming to raise NPR 594 million in total.
To manage the issuance process, the company has already appointed Sanima Capital Limited as the issue and sales manager.
Makari Gad Hydropower is currently operating a 10-megawatt hydroelectric project located in Ward No. 5 of Api Himal Rural Municipality, Darchula District. The project utilizes the flow of the Makari River to generate clean energy and contributes to the national electricity grid.
By launching the IPO, the company seeks not only to enhance its financial foundation but also to broaden public participation in Nepal’s growing energy sector. The move reflects a wider trend among hydropower companies in Nepal to open ownership to the public and tap into the capital market for infrastructure development.